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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $175.93
- 2 Days on Market
- MLS # : 6194651
- Updated Date : 02/20/2021 at 16:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,620 sqft
- Baths : 2 full
Listing Agent
Delex Realty
Listing Agent's Description
Cute Glendale Home! Can you Say Closet Space? Large Family Kitchen with Plenty of Storage & Space. Large Bright Living Room has Plush Carpeting and Plenty of Room for Large Furniture, The Updated Bathrooms are Equipped with High End Shower Head Panels with Digital Water Temperature, Rain Head, Body Jets and Shower Wand, Large Master Bedroom with Plenty of Closet Space. Added Laundry Room, Family Room and Large Storage Closet. The Backyard is Large with a Huge Custom Covered Patio that Extends Across the Back of the House. Large Covered Carport & Plenty of Slab Parking. The Neighborhood Has a Brand New Elementary School
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PRICE & RENT TRENDS
Neighborhood: Continental North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Continental North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$174 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$78
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$285,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
7.17
YEARS SAVED
$24,550
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,555
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
11447 N 43rd Drive Glendale, AZ 1
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,400
- $0.86
-
4062 W Mercer Lane Phoenix, AZ 2
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1978
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,500
- $0.96
-
10843 N 45th Avenue Glendale, AZ 3
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,535
- $0.98
-
11815 N 42nd Drive Phoenix, AZ 4
- 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,575
- $0.89
-
10837 N 45th Lane Glendale, AZ 5
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1973
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,599
- $1.01
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6194651
Last Updated: 02/20/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
